Turkey Warns Will Shun Companies Involved in Cyprus Oil, Gas Drilling

إقرأ هذا الخبر بالعربية W460

Turkey warned Saturday it would shun international companies involved in oil and gas drilling off the shores of the divided island of Cyprus.

"As it was repeated several times ... the companies which will cooperate with the Greek Cypriot Administration will be excluded from new energy projects in Turkey in the future," the foreign ministry said in a written statement.

Turkey's warning came after Cyprus on Tuesday approved licenses for drilling to exploit offshore oil and gas deposits and said it would negotiate the terms of a partnership with ENI, South Korea's Kogas, France's Total and Russia's Novatek for energy exploration off the island.

The Turkish foreign minister called on the countries and oil companies in question "to act with common sense," warning them not to operate in disputed waters off Cyprus and to withdraw from the tender.

Turkey has protested strongly against the Cypriot government's search for offshore oil and gas, branding it illegal and retaliating by beginning its own exploratory drilling in the breakaway north.

Cyprus has been divided since 1974, when Turkish troops invaded and occupied its northern third in response to an Athens-engineered coup in Nicosia aimed at union with Greece.

Turkey only recognizes the breakaway state in the north and not the government of the Republic of Cyprus, which became an EU member in 2004.

Comments 3
Missing phillipo 03 November 2012, 17:25

So once again the Turkish government aims at hurting its own economy.
When will they finally understand that their actions are only hurting themselves.

Default-user-icon Joe Boxer (Guest) 05 November 2012, 08:46

Hurting there own economy? It's globally branded as a high growth company by the majority of investors. Quite frankly what ever their government did over the last several years has clearly worked very well. Their industry is thriving - blue, white collar, and service industry.
I just wish our government or any government in the Mid East can just reap a fraction of their success. We should look at them as an example.

Missing phillipo 04 November 2012, 13:20

It's not the Turks who are stupid, just their government.